Ericsson Eyes $700B 5G Growth Opportunity for Service Providers

By Matt Kaplo/Sdxcentral

Ericsson Eyes $700B 5G Growth Opportunity for Service Providers

5G is poised to fuel significant revenue growth opportunities for service providers, according to a new report by Ericsson. By 2030, service providers could capture up to $700 billion in new revenue from enterprise or B2B-related efforts, according to the telecom vendor.

According to the “5G for business” report, service providers will control 47% of the total 5G-enabled market that is expected to be served by information and communications technology players. And 5G-enabled revenues in the wider information and communications technology space will near $1.5 trillion by 2030.

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